How dense is the information in the crypto market recently? It's like a meme image during Solana network congestion, there's just too much to squeeze in! 📊#山寨季來了？

From 21Shares applying for the ONDO ETF, to Saylor announcing MicroStrategy's over $10 billion bitcoin profit this year, #Strategy增持比特币 to BNB reaching a historical high, #BNB创新高 the entire market's 'wind direction has suddenly changed', seemingly heralding the official start of the bull market. 📈#加密立法新纪元

Below, we bring you a quick read of the major events in the cryptocurrency market over the past 24 hours—whether you are an on-chain explorer or an exchange surfer, you can find your own highlights! 🌊

🎯 I. Macro barometer: Powell remains silent, Trump is busy negotiating.

The market's nerves always follow Fed Chair Powell. In his speech yesterday, he did not mention monetary policy or economic outlook, leaving market sentiment feeling 'in the dark'. However, he mentioned that the Fed is willing to absorb new ideas, especially regarding the capital framework for large banks, which may imply—a window for some institutional adjustments is brewing? 🧐

At the same time, Trump is relentless: just announced an epic trade agreement with Japan (including a $550 billion investment and 15% reciprocal tariffs), and is now preparing to 'start talks' with the EU. It seems the theater for accumulating chips for the presidential election has already begun, and its indirect impact on the market cannot be ignored. 🇺🇸🇯🇵🇪🇺

🏦 II. The ETF craze continues to heat up, with ONDO and Bitwise making consecutive moves.

1. 21Shares submits ONDO ETF S-1 application.

This time, the ETF is not centered around BTC or ETH, but rather—ONDO. This is a platform focused on RWA (real world asset tokenization), and its native token ONDO is about to welcome an ETF proposal submitted by 21Shares.

Behind ONDO, there’s not only technology but also Pantera Capital, the Oasis Pro acquisition, and even connections to Trump-related World Liberty Financial DeFi projects—this wave of ETF operations can be described as a triple play of real finance + political games + on-chain innovation! 🎼

2. Bitwise 10 Index Fund officially approved to transform into an ETF.

The SEC has also been active—finally approving Bitwise to convert its top 10 cryptocurrency index fund into an ETF, covering assets including: BTC, ETH, XRP, SOL, ADA, SUI, LINK, AVAX, LTC, and DOT. 🔟

The concentrated emergence of ETFs not only brings a 'mainstream access' for funds but also increases the opportunity for altcoins to enter the traditional investors' sight. This is a strong shot in the arm for liquidity and legitimization, and it accumulates explosive potential for the future market.

📊 III. 24-hour market leaderboard: BNB reaches a new high, PENGU surges 20%!

🚀 Market capitalization leaderboard dynamics:

  • BTC: +1.54%

  • ETH: -0.89%

  • SOL: +1.21%

  • BNB: +3.96% → briefly breaking $796, setting a historical high!

  • DOGE: -1.33%

  • XRP: -0.62%

  • SPK: +45.36%

  • J: +25.59%

  • PENGU: +20.15%

  • SLP: +16.22%

  • CVX, LOOKS, SOPH, BANBNA, WLD, and others have made the list.

📍 The breakthrough of BNB is particularly striking; it is no longer just an exchange token but a synonym for the entire strength of the Binance ecosystem. Projects that were once overshadowed by FTX are now returning to their peaks one by one.

💰 IV. Whale dynamics: Saylor and Bitmine's big moves shock the market.

1. MicroStrategy: This year's paper profit of 93,191 bitcoins, worth $11.1 billion.

Michael Saylor announced: This year, MicroStrategy has realized a paper profit of 93,191 BTC, with 5,668 BTC alone in the first three weeks of July, amounting to approximately $676 million. 🚛

Such a 'sure-win' bold operation is no wonder MSTR's stock price has recently soared. The underlying message is: large holders are not leaving the bull market, but are continuing to position themselves.

2. Bitmine bets $177 million on ETH.

Meanwhile, Bitmine just sold its shares in ARK Invest and immediately announced it would convert all proceeds into ETH and deposit it into its treasury—ETH, as 'the infrastructure asset of the crypto world', has once again gained institutional recognition.

🧱 V. The RWA (real asset tokenization) track is exploding: Coolpad Group, Ondo, and JPMorgan are all getting involved.

Coolpad Group suddenly announced its entry into the RWA field, planning to launch an RWA 2.0 solution involving 3,151 projects, primarily targeting real estate asset tokenization, and collaborating with the M1 platform to promote implementation.

Meanwhile, JPMorgan is also not lagging behind: plans to launch crypto asset collateral loans as early as next year. Although CEO Jamie Dimon publicly expresses disdain for Bitcoin, he is honestly embracing crypto finance.

RWA is becoming the best entry point for traditional finance into Web3, and future asset tokenization may truly become scalable.

⚖️ VI. The new battlefront for stablecoins: Polymarket wants to 'mint coins', Circle is noncommittal.

According to CoinDesk, the decentralized prediction market Polymarket is considering issuing its own stablecoin to better control the revenue generation from the platform's reserves. This plan may bypass traditional deposit and withdrawal systems, achieving internal ecological self-circulation.

From Circle's revenue-sharing agreement to spontaneous 'money printing', this decision could be a key breakthrough for the stablecoin landscape.

🔍 VII. Major on-chain case: ZachXBT exposes Crypto Beast manipulating ALT prices, profiting $11 million.

Famous on-chain detective ZachXBT disclosed that crypto KOL Crypto Beast is suspected of manipulating ALT token prices: from $0.19 plummeting overnight to $0.003, with the market cap shrinking from $190 million to $3 million, and a total cash-out of over $11 million from 45 internal wallets.

ZachXBT also pointed out that the KOL deleted all related promotional content afterward, suspected of 'cashing out and running'. ⚠️

This serves as a wake-up call for the community—when the bull market arrives, don’t let the 'false halo' cut your real gold and silver.

🎁 VIII. Airdrop time! Sonic and ZKWASM airdrop claims & inquiries are now online.

  • Sonic launches the first season of airdrops: Users can immediately claim 25%, with the remaining 75% released linearly through NFTs.

  • Delphinus Lab opens ZKWASM airdrop eligibility inquiry: Total supply of 1 billion tokens, airdrop allocation 2.5%, IDO allocation 2%.

In addition, Binance has launched the YALA airdrop event, users with Alpha points over 238 can claim 200 tokens.

📢 Airdrops won’t wait for anyone, eligible participants hurry to check!

🧠 IX. Insights on people & trends: The bull market rotation has started, will mainstream coins lead the way?

LD Capital founder Yi Lihua pointed out that the rotation effect in the crypto market is unfolding:

‘BTC and ETH take the lead, followed by mid-market mainstream coins, and finally altcoins have an opportunity for rotation. Avoid frequent operations in a bull market; it’s better to hold potential targets.’

Moreover, Glassnode's report also points out: Bitcoin's selling pressure is nearing exhaustion, and traders are focusing on the $115,000 support zone.

Matrixport bluntly stated: 'The crypto IPO boom will extend the Bitcoin bull market cycle.' Companies like Circle, Robinhood, and Coinbase have all seen their stock prices surge, and the bull market sentiment is spreading in the capital market.

Market dynamics.

🧾 Summary: Opportunities and risks coexist, don't forget your composure.

🔔 It's clear that the crypto market has entered a high-momentum stage under the stability of macro policies, the onset of a wave of ETF approvals, a surge in institutional buying, and the push from new tracks in RWA and stablecoins.

However, explosions, manipulation, greed, and sell-offs are also brewing. At this node where FOMO and FUD intertwine, maintaining rationality and improving risk control will determine whether you stand at the crest of the wave or are washed away by the tide.

If you have already boarded this bull market train, fasten your seatbelt and don’t get thrown off by the next wave of airdrops or surges. 😎

📌 Welcome to share and save this 'cryptocurrency panorama newsletter', and enjoy this 'on-chain news feast' with your friends! Spend 5 minutes a day to grasp the major events in the cryptocurrency world within 24 hours, and don't miss any opportunities!

The crypto world is changing rapidly, with opportunities and risks coexisting. Learn to enter and exit strategically, protect your principal, to move forward steadily and reap wealth and growth. ✍️

Remember to DYOR, manage risks well, and wish everyone smooth sailing in the cryptocurrency world! 🌊

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